Search
 

Haslemere Rebuffs Mystery Bidder

LONDON-The Dutch-registered UK investor Haslemere says it has become aware of a bidder willing to offer €67 per share although the company has already recommended acceptance of Brack Capital's offer at €63.75 per share. It says the new approach is invalid.

By Graham Parker | Updated on March 21, 2002

LONDON-Haslemere, the Dutch-registered property company that invests primarily in UK property, has received approaches from a mystery bidder looking to unravel the agreed takeover by Brack Capital. Haslemere’s board had already recommended acceptance offer by Brack Capital–an Israeli investor backed by Apollo Real Estate and Merrill Lynch–and it says the new offer is invalid.

In a statement Haslemere said it had become aware of a press release apparently issued by two companies named Evia Real Estate and Vastgoedcomfort announcing that they intend to make a bid at €67 per share. This compares with Brack’s agreed offer of €63.75 per share. But Haslemere said the only contact it has had with the new bidders is through an email received on 18 March.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.